Four years after Nike announced a surprise acquisition of digital apparel brand RTFKT, the largest sports apparel company in the world has sold the non-fungible token (NFT) studio, sending its flagship Clone-X collection soaring.
The move comes a little over a year after RTFKT announced that it would be shutting down operations, resulting in the Clone-X NFT collection tumbling to as low as 0.07 ETH, a 99.7% drop from its all-time high of 24 ETH during the NFT bull run in 2022.
However, Clone-X is back up to a 0.3 ETH floor on the sale news, a 200% jump over the last 24 hours.
To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
